Did Danone Skim Over the Details at Lifeway Dairy Giant.jpeg
Lifeway Foods faces, Inc.
Edward Smolianski, brother of CEO Julie Smolianski, launched a campaign to replace the entire board of directors and encourage the deal
“It intends to agree to all the ordinary shares it owns in favor of Edward Smolenski’s proposals … to replace the entire Lifeway Board,” says Danone, if the talks fail, “She intends to agree to all the ordinary shares they have in favor of Edward Smolianski’s proposals … to replace the entire Lifeway Board.”
Corbjov’s analysis finds that the SMOLYANSKY Board of Directors may have error credentials in SEC files, and they have a problem with financial organizers
The agency Cindy Curry was described as the SEC, to be the financial manager of multiple companies including Broadwind, Inc.
In a statement by Corth Korth, Curry said it is financial from the department, not BroadWind, the listed company
Candidate Michael Lidfrouder did not have experience as a manager of the public company, and faced an “uncomfortable solution” for seven companies known in Illinois
Candidate Richard Bilulliz faced several penalties in Vinra and is now working with his colleague, candidate Robert and Eline
by John Janaron
France’s Danone SA (Paris: BN.PA) won the confidence of consumers while carefully sells damaged dairy products around the world. But if you try to acquire Lifeway Foods, Inc. (NASDAQ: LWAY), has rushed to support the board of directors that could spoil.
After rejection offers at $ 25 and $ 27 per share, the Lifeway that leads Kefir-Maker in a new negotiation period with Danone is scheduled to run two other weeks. Corbjov was also written recentlyIt seems that the talks are not moving because Danone issued a warning – raised questions about whether the governance of the appropriate companies will prevail or the minority shareholders face risks. In the SEC file, Danone said that if you do not sell Lifeway, it will vote in favor of the instigator’s proposal to “replace the entire Lifeway board.”
This instigator is Edward Smulinski, former operations manager and son of the company’s founder, who supported a $ 25 offer last year (stocks rose to $ 30 while operating performance). The problem is that Mr. Smolyansky served Danone in a list of managers who may be more complicated than the BIOS submitted to the Supreme Education Council.
One of the candidates to consider is Cindy Curry, who had no doubt about a great profession in the world of advertising. But drilling a little deeper, and informed her credentials in the SEC file with reality.
In a final agent, the experience of Mrs. Carrie as CEO of the president, BBDO Worldwide (NYSE: OMC), a global advertising agency, the head of the financial managers of IPG Mediabrands (NYSE: IPG), is a media and marketing company, and a great president at Broadwind Energy Company (NYSE: NYSE), which is the Privider from Wind Energy Equipment.
But another executive official, Stephanie Kushner, is listed in SEC files as CFO during Mrs. Carrie’s period in the company, which is now called Broadwind, Inc.
“Fifteen years ago, I was the financial manager of the Broadwind Energy manufacturing departments (more than 80 % of the company’s annual revenue),” Ms. Carrewy told Corgogov in a statement. “Stephanie Kushner was the financial manager of the mother/mother company.”
In each other positions mentioned, there are records of other executives in the roles of BBDO Worldwide and IPG Mediabrands during the Times where Mrs. Carey was working there. Mrs. Corrine confirmed that her roles in these two companies were also The jobs of the financial manager within the departments, instead of the parent companies that were martyred in the SEC agent. BBDO Worldwide or IPG Mediabrands did not respond from Corpov emails.
A Lifeway spokesman declined to comment while Danone nor a public relations company representing Edward and Ludlyncia SmolyKsy did not respond to suspension requests.
It seems that the other candidate, which George has sent, may not have always been a fan of Edward Smolenski, yet he found his way to the exit menu. Mr. Send was Chairman of the Committee, Auditing and Corporate Governance Committee, in 2019. During his period in this role, Edward Smolianski’s role was reduced to his position as long as a fund and a secretary, although he retained the title of the main operations officials.
In an interesting development, Mr. Sent advised to sell another consumer company, follow your heart, to Danone. This indicates that he is familiar with the Danone and the exciting family of Smolyansky is keen to take it. Mr. Sent did not respond to a request for comment.
Another pair of candidates is very similar to know why both need the blackboard. Richard Billeuz has faced many Finra’s problems, a long -term fellow for another candidate, Robert and Eline. Mr. Beilitz is now the founder and CEO of Air Asset Management, where Mr. Whalene also works. Both men worked in senior roles in a company called Brewer Financial Services, which were expelled from the Finra in 2011 (neither of them was charged with violations in this regard). Mr. Pelitz did not respond to a request for comment while Mr. Willin was not possible.
Other candidates do not seem to bring the right skills set to the Lifeway plate, which should focus on increasing the value of the shareholders to the maximum. Michael Leederfuder, who works in the field of real estate, has no experience as a public company manager and has faced an “uncomfortable solution” for seven companies known in Illinois, according to the website of the Foreign Minister. Mr. Lydervuder cannot be accessed for comment.
As for Edward and Woodmilla Smolianski, they started a potential competitor to Lifeway, Lucy’s Organics, where he was president according to LinkedIn Bio, but they nominated themselves to return to Lifeway.
The major concern among minority shareholders is that the Challenger Council will quickly sell the company to Danone and leave dangerous money on the table. But even the direct analysis of the information available to the public shows cracks in the list, making Danone’s support a possible embarrassment for the company, and is widely considered the jewel of the crown of the French business world.
“For this reason, you are examining your candidates,” said Charles Elson, the founding director, Winberg Center for Corporate Governance at Dilayer University. You will be judged based on who they are. “
Kurgov
John Janaron
Editor -in -chief
Editor@corgogov.com
Read more
The partner turned into a predator? Danone puts the ruling under pressure on Lifeway Foods
Register in the weekly newsletter here
Click here to follow us on LinkedIn
The post is Danien mocked about the details in Lifeway? Dairy Giant may not have carefully poor managers first appeared on Corbgov.
